Crypto prices have rebounded over the last 24 hours. This comes at a time when liquidations are above $200 million at the time of writing this article. Gold and Silver prices have recovered as well; however, crypto prices are at the center with a possibility to move higher.
Crypto Prices
The collective market cap is up by 3.48%. But, crypto prices are under the light with top tokens like BTC and ETH noting decent upticks. Bitcoin tokens are anticipated to move towards $76k, if not surpass it, in the days to come. For now, it is hovering around $71,032.59, up by 0.79%. ETH has largely remained flat at around $2,100. The current exchange value is $2,158.29, up by 0.17%.
TAO stands out as the AI cryptocurrency has gained 9.75% of value to reach $302.75. It goes on to reflect a weekly uptick of 8.53%. RENDER and FIL are the next notable gainers in the segment. They are up 4.42% and 2.28%, respectively.
Meme coins seem to be lagging behind, even though the likes of DOGE and SHIB have added 0.49% and 1.40% to their respective values.
Crypto Liquidations
Crypto prices commenced upticks roughly when US President Donald Trump announced a 5-day temporary pause in strikes. They have maintained the stance since then. What has happened on the sidelines is the liquidation of around $203.03 million in the last 24 hours. Longs stand at $101.51 million, and shorts come to approximately $101.45 million at the moment.
BTC liquidation comes to a total of $154.20 million, with $121.72 million in short and $32.48 million in long. ETH is next on the list with a small gap below the flagship cryptocurrency. Its combined liquidation comes to $129.52 million, with shorts leading at $94 million and the remaining $35.52 million accounting for longs.
Recovery for Gold and Silver
Gold and Silver were reported to be falling behind BTC and other cryptocurrencies. The trend may start to change, given that Gold and Silver prices are now gaining traction. Gold has jumped by 0.41%, a small margin, but now has a record value of $4,422.95. Silver has surged by 1.66%, outperforming Gold, to $70.34.
Meanwhile, Crude Oil and Brent are reportedly carrying the respective values of $90.56 and $101.96 when the article is being drafted.
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